Gas Prices Soaring Nationwide

I did my reasearch and I posted it.   And  it jives with the same metrics all  the economists and oil analysts use.     Thats kinda the difference between you and me.

To meet domestic oil needs for the next 20 years, we need to drill.  To compare current rig numbers vs Covid numbers is either stupid or disingenuous.  To compare current rig counts vs times of $20 oil is stupid or disingenuous.  We are a net zero consumer of oil, and unless rig counts increase we will soon buy more crude than we sell.  This will mean an export of jobs, yet no less oil consumed.  We should have 2000 rigs on the job, but we have only 780.

Thanks Sleepy and friends.

Why would that be "an export of jobs"? The people who would be working on drilling rigs would be doing something else instead.

In a modern economy, it's often better to trade for a commodity that someone else can produce more cheaply then you.

Don't be an idiot and say that the number of rigs being used is anyone's decision other than the oil companies'.

Dont tell Boilerman - but rig counts have increased.   See my previous post.   And so had BPD (record productiuon even !)  See my previous post.

And here's a new tidbit that anyone with a ninth grade eductation is aware of:  Oil companies (not the president of the UNited States) determine rig count.  Oh - but rig count is  still a bullshit metric anyway.

Have a great day ! 

Here we go again.....PJ comparing current rig counts to times of Covid and and times of $20 crude.  PJ, how about you tell us what the rig counts were when we last experienced a 2.5 year stretch of crude running at $90/barrel.

Nope, PJ will continue his disingenuous argument.  And Kevin's argument is that oil jobs lost due to lack of drilling aren't really lost jobs.

Oil companies were losing money long before COVID.  That was their biggest problem of the 2010 decade.   They over drilled, over supplied and lost a shitload of money.   According to you - they are dying to get back to that business model instead of the record profits they have today.     But mean ole Joe Biden wiont let them.  

Which one of your crock of shit "oil-expert buddies" fed you that BS?

You've been asked 100 times specifically what Joe Biden has done to hinder the oil industry.   The only thing you've given us is a speech where he acknowledged the transition to EV vehicles.   And the oil industry has completely altrered their business plans because Joe Biden made a speech.     And you say that with I presume a straight face.     And you are also on record supporting the Republicans who voted against his record amount of Federal Land granted to the industry.

So, again, we have your BS fairy tale with nothing to back it up ....and we have data and actual legislaiton which show you are full of it.

Apologies for interrupting this very entertaining episode of Boilerman Having His Ass Handed To Him By PJ, but no Boilerman, you don't get to call him Sleepy anymore.

Did you see him Kiev? Did you see the State of the Union address? Not too sleepy, huh?

May I suggest: Dark Brandon?

PJ, Biden said that he will end fossil fuels, which equates to crushing this industry.  You know it. Do you think that this encourages or discourages investment in drilling?  He has shut down desired pipelines.  And don't give me the stupid rail transport argument as if this high costs don't influence investors of oil production.  I've given these and more reasons a hundred times, and you aren't paying attention.

Your arguments are nonsensical.

Thanks for re-enacting  the second paragraph of my last post.       Same point.     

True. They're CHANGED jobs, idiot.

And if we produce it, that's the same number of jobs whether we consume it or sell it. Idiot.